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KPMG Partners with Cryptio to Ease GAAP Compliance by Crypto Companies

July 26, 2024 at 09:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

KPMG, one of the top four accounting companies globally, has teamed up with Cryptio, a cryptocurrency accounting software provider, to support U.S.-based crypto companies in adhering to Generally Accepted Accounting Principles (GAAP). This strategic cooperation seeks to improve the precision and dependability of cryptocurrency companies’ accounting for their assets through the implementation of efficient controls.

Brian Consolvo, KPMG principal for technology risk, stressed the importance of improving digital asset accounting procedures and complying with U.S. regulatory requirements. He noted, “KPMG recognizes the value of accurate reporting and accounting, the risks associated with crypto assets, as well as the…

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